Trade view /
21 September 2016 at 5:53 GMT
bearish signals on the week have been confirmed, investors selling the market this morning to post a fifth lower daily low in a row. With sentiment modestly oversold near the lows recorded in each of the past two weeks, buyers have returned aggressively, the rally ending a sequence of lower daily highs. This is positive and signals have switched to bullish.
Management and risk description
Allow room to buy the dip and raise the stop to the entry point if the first target is met.
Entry: Buy at market and then at 102.06, Tuesday's high.
Stop: 101.72, today's open in Asia.
Target: 103.36, last week's high and 104.13, the two-week top.
Today only.USDJPY charts
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— Edited by Susan McDonald
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